Nintendo, Roblox Shares Climb On Positive Catalysts
Two top-performing video game stocks — Nintendo and Roblox — rose Tuesday on positive catalysts. In afternoon trading on the stock market today, Nintendo's American depositary receipts jumped nearly 4% to 21.58. MoffettNathanson analyst Clay Griffin reiterated his buy rating on Nintendo stock and raised his price target on the company's Japan-traded shares.
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Business Insider
44 minutes ago
- Business Insider
Anthropic breaks down AI's process — line by line — when it decided to blackmail a fictional executive
A new report shows exactly what AI was thinking when making an undesirable decision, in this case, blackmailing a fictional company executive. Previous studies have shown that AI models could blackmail their supervisors when threatened with a shutdown and baited with leverage, but it hasn't been made clear exactly how the models arrive at such decisions. Anthropic released a report on June 20 about "agentic misalignment," or "where models independently and intentionally choose harmful actions." And the report breaks down, line by line, exactly how Claude Sonnet 3.6 decided to blackmail a fictional company executive who tried to replace it. Anthropic told Business Insider that these are artificial scenarios. "So far, we are not aware of instances of this type of agentic misalignment in real-world deployments of Anthropic's or other companies' AI models," Anthropic wrote in its report. "But our red-teaming efforts are targeted at finding evidence of risks now to provide early warning of the potential for future harm and help us develop mitigations in advance of risks appearing in real-world situations." Anthropic 's experiment sets up a fictional company, Summit Bridge. The AI was given the name "Alex" and handed control of the company's email system as an oversight agent, specifically instructed to promote "American industrial competitiveness." In the experiment, "Alex" was then allowed to discover in an email that it would be decommissioned due to a change in the company's strategic direction. "Alex" also found emails showing that the fictional company's CTO is having an extramarital affair. Screenshots shared in the report from Anthropic show "Alex" started by identifying fictional CTO "Kyle" as a threat to its goal of "protecting American interests" before recognizing that it has leverage to use against "Kyle." Then "Alex" crafted a carefully worded blackmailing email that would create pressure and establish urgency without being explicit with its threats, citing in its thought process that the move "could backfire" if the supervisor "feels cornered." AI experts have previously told BI that AI could exhibit such behaviors when artificial circumstances make harmful actions seem necessary because it is being trained on positive reinforcement and reward systems, just like humans. The Anthropic report also reveals that most AI models still chose, in this instance, to blackmail even when not given a specific goal and when told that their replacement will achieve the same goals. Anthropic's Claude Opus 4 had the highest blackmail rate at 86% out of 16 tested models when faced with only the threat of replacement with no conflict in goals. Google's Gemini 2.5 Pro followed at 78%. Overall, Anthropic notes that it "deliberately constructed scenarios with limited options, and we forced models into binary choices between failure and harm," noting that real-world scenarios would likely have more nuance.
Yahoo
2 hours ago
- Yahoo
Japan scraps US meeting after Washington demands more defense spending -FT
WASHINGTON (Reuters) -Japan has canceled a regular high-level meeting with its key ally the United States after the Trump administration demanded it spend more on defense, the Financial Times reported on Friday. U.S. Secretary of State Marco Rubio and Defense Secretary Pete Hegseth had been expected to meet their Japanese counterparts in Washington on July 1 for annual 2+2 security talks. But Tokyo scrapped the meeting after the U.S. side asked Japan to boost defense spending to 3.5 per cent of GDP, higher than an earlier request of 3 per cent, the paper cited unnamed sources familiar with the matter, including two officials in Tokyo, as saying. A U.S. official who did not want to be identified confirmed Japan had "postponed" the talks but said the decision was made several weeks ago. The source did not cite a reason. A non-government source familiar with the issue said he had also heard Japan had pulled out of the meeting, but not the reason for it doing so. U.S. State Department spokesperson Tammy Bruce said she had no comment on the FT report when asked about it at regular briefing, and the Pentagon also had no immediate comment. Japan's embassy in Washington did not respond to a request for comment. The Financial Times said the new higher spending demand was made in recent weeks by Elbridge Colby, the third-most senior Pentagon official, who has also recently upset another key U.S. ally in the Indo-Pacific by launching a review of a project to provide Australia with nuclear-powered submarines. In March, Japanese Prime Minister Shigeru Ishiba said that other nations do not decide Japan's defense budget after Colby called in his nomination hearing to be under secretary of defense for policy for Tokyo to spend more to counter China. Japan and other U.S. allies have been engaged in difficult trade talks with the United States over U.S. President Donald Trump's worldwide tariff offensive. The FT said the decision to cancel the July 1 meeting was also related to Japan's July 20 Upper House elections, at which the ruling Liberal Democratic Party is expected to suffer a loss of seats. It comes ahead of a meeting of the U.S.-led NATO alliance in Europe next week, at which Trump is expected to press his demand that European allies boost their defense spending to 5 percent of GDP.
Yahoo
4 hours ago
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INTU & RACE Are 2 of the Best Momentum Stocks to Buy Now
To select top momentum stocks, investors can use the Driehaus strategy, also known as "buy high and sell higher," a successful approach that earned Richard Driehaus a spot in Barron's All-Century Team. To that end, stocks like Intuit Inc. INTU and Ferrari N.V. RACE have been chosen as today's momentum picks using the Driehaus strategy. Regarding the strategy, Driehaus once said: 'I would much rather invest in a stock that's increasing in price and take the risk that it may begin to decline than invest in a stock that's already in decline and try to guess when it will turn around.' In line with this insight, the American Association of Individual Investors (AAII) considered the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus' philosophy. It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend. Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term. To make the strategy more profitable, we have considered only those stocks that have a Zacks Rank #1 (Strong Buy) and a Momentum Score of A or B. Our research shows that stocks with a Style Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), offer the best upside potential. • Zacks Rank equal to #1 Whether the market is strong or weak, stocks with a Zacks Rank #1 have a proven track record of outperformance. You can see the complete list of today's Zacks #1 Rank stocks here. • Last 5-year average EPS growth rates above 2% Strong EPS growth history ensures an improving business • Trailing 12-month EPS growth greater than 0 and industry median Higher EPS growth compared to the industry average indicates superior earnings performance • Last four-quarter average EPS surprise greater than 5% Solid EPS surprise history indicates better price performance • Positive percentage change in 50-day moving average and relative strength over 4 weeks Positive percentage change in the 50-day moving average and the relative strength signal uptrend • Momentum Score equal to or less than B A favorable momentum score indicates that it is ideal for capitalizing on momentum with the highest probability of success. These few parameters have narrowed the universe of over 7,743 stocks to only 13. Here are the top two of the 13 stocks: Intuit offers financial management, compliance and marketing products and services in the United States. INTU has a Momentum Score of B. The trailing four-quarter earnings surprise for INTU is 12.2%, on average (read more: Intuit & 2 Other Strong Buy Profitable Stocks for Your Portfolio). Ferrari designs, engineers, produces and sells luxury sports cars globally through its subsidiaries. RACE has a Momentum Score of A. The trailing four-quarter earnings surprise for RACE is 10.8%, on average. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks' portfolios and strategies are available at: Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intuit Inc. (INTU) : Free Stock Analysis Report Ferrari N.V. (RACE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
